Some basic oil in place figures, page-7

Yes Oily I DO love looking at those BIG numbers

Interestingly I'm at least in the same ball-park. I guess at these metrics you only have to be within the same galaxy and not the universe


P90 Improvements BROKEN DOWN ???

* Company stated 92% net at 180' approx and THIS is KNOWING what's AT Ice1 !!!.

* Saturation at 70%, again KNOWING what's at Ice 1

* Recovery factor 2.5% ??????? NOT in a Super Highway with todays drill/frack technologies !!!

* 25% Productive acres. Interesting to see what they use here come the IRR.

As Dave kept saying SUBSTANTIAL MITIGATION OF RISK.



My original thinking was to extrapolate the original P10 with the Acreage expansion by factor of 3 giving THAT 1.5 Billion approx. Then up it by 33% 0r .33 to 2 Billion. However what RISK ratio's used will be given the substantial de-risking will be what the market is looking too and how that reflects in what is extractable Super Highways comments notwithstanding.

I'm beginning to think we MIGHT get a number here with a Super Highway annmnt. MAYBE

And what strata is it applicable too ?

d.